exponential_discount: Exponential discounting of future utility

View source: R/time_consistent_preferences.R

exponential_discountR Documentation

Exponential discounting of future utility

Description

Exponential discounting of future utility

Usage

exponential_discount(consumption, beta, delta, periods)

Arguments

consumption

value of the utility function at time t

beta

Discount rate relative to today

delta

Discount rate fo eah period in the future

periods

Number of periods in the future that we want to discount exponentially

Value

Exponentially discounted value of utility function


AlexB4891/phenomenology documentation built on March 29, 2022, 8:56 p.m.